picture with daughter |
The Spanish founder Amancio
Ortega of the Zara fashion chain has overtaken Bill Gates to become the world's richest man.
According to Forbes Amancio
Ortega's personal fortune leapt by $1.7billion this week to
$79.5billion - taking the entrepreneur past the Microsoft cofounder's
estimated $78.5billion.
He became the world's richest man on Wednesday when
shares of his business Inditex, parent company to Zara, Massimo Dutti
and Pull&Bear, went up 2.5 per cent.
It is not the first time he has topped the list and was briefly ahead of Bill Gates in October before a surge in Microsoft shares put him back in second place.
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